Terms of Business
These Terms of Business applicable from 28/09/2020 set out the
general terms under which we will provide business services to you
and the respective duties and responsibilities of both ourselves and
you in relation to such services. Please ensure that you read these
terms thoroughly and if you have any queries we will be happy to
clarify them. If any material changes are made to these terms we will
notify you.
Authorisation and Codes of Conduct
Carey Corbett Financial Solutions Ltd t/a Carey Corbett Financial
Solutions is regulated by the Central Bank of Ireland. Our
authorisation can be checked on the Central Bank of Ireland registers
website at www.centralbank.ie or by calling them on 1890 777 777
to verify our credentials. Our reference code is C45988. We are also
subject to the Consumer Protection Code, Minimum Competency
Code and Fitness & Probity Standards which offer protection to
consumers. These Codes can also be found on the Central Bank’s
website. We are also a member of Brokers Ireland.
Our Services
We are an Insurance, Investment and Mortgage Credit Intermediary.
Our principal business is to provide advice and arrange transactions
on behalf of our clients in relation to life, pensions, investments &
mortgage products and provide advice to consumers in relation to
debt management services. We are not under a contractual obligation
to conduct Insurance distribution business exclusively with one or
more Insurance Undertakings and do not give advice based on a
fair and personal analysis, we do however provide advice from the
selection of products provided by the Companies and Lenders we
have agencies with.
We recommend the product that, in our professional opinion, is best
suited to your needs and objectives from this selection of products.
As part of the process when giving our clients advice on Investments
we will need to gather information with regards your investment
knowledge and experience, if this information is not provided
we will not be in a position to determine whether the product is
appropriate for you. For a full list of insurers, product producers and
lending agencies see below;
Debt Management
Carey Corbett Financial Solutions provides debt management
services. Our principal business is to provide specialist mortgage
advisory restructuring services in relation to residential, buy to let
and commercial mortgage debt and unsecured debt. This service
includes but is not restricted to; consultations, documentation
review, drafting of correspondence and lender representation.
It is important that you and all of the parties in this transaction
advise us of all material facts concerning your circumstances. A
material fact is one which is likely to influence us in our assessment
and recommendations relating to your application for revised
repayment terms. If you are in doubt as to whether a fact is material
then it should be disclosed to us. Failure to do so could invalidate our
recommendations and jeopardise your application.
Mortgages
Through the lenders with which we hold an agency, we can provide
advice on and arrange mortgage products from the following range:
fixed-rate loans, variable rate mortgages, capital & interest mortgages,
interest only mortgages, pension mortgages and residential
investment property. We will need to collect sufficient information
from you before we can offer any advice on housing loans. This
is due to the fact that a key issue in relation to mortgage advice is
affordability. Such information should be produced promptly upon
our request. Where the creditor is unable to carry out an assessment
of creditworthiness because the consumer chooses not to provide
the information or verification necessary for an assessment of
creditworthiness, the credit cannot be granted.
Disclosure of information
We act as your representative to the companies we have agencies
with and we will provide assistance to you for any queries you may
have in relation to the policies or in the event of a claim during the
life of the policies and we will explain to you the various restrictions,
conditions and exclusions attached to your policy. However, it is
your responsibility to read the policy documents, literature and
brochures to ensure that you understand the nature of the policy
cover. Material information about medical history, non-smoker
status, occupation category and any hazardous pursuits are central
to underwriting decisions and it is imperative that all information
you provide to the insurer is accurate and complete.
You are under a duty to answer all questions posed by the insurer
or ourselves on your behalf, honestly and with reasonable care. It is
presumed, unless the contrary is shown, that the you would know
all questions in an application or at renewal is material to the risk
undertaken by the insurer or the calculation of the premium by that
insurer, or both.
Any failure to disclose material information may invalidate a claim
and render your policy void. You must inform and disclose any
material information including any material changes that might
take place between the time you complete an application form and
the time your pay the first premium. To assist us in providing you
with a comprehensive service and to keep our records as up-to date
as soon as possible, please notify us of any changes to your personal
circumstances, e.g. name change, change of address, etc.
Remuneration
Carey Corbett Financial Solutions is remunerated by commission
and other payments from product producers or lenders we have
agencies with on the completion of your business. You may choose
to pay in full for our services by means of a fee. Where we receive
recurring commission from the product providers, this forms part
of the remuneration for ongoing advice with regards to the business
we advise you on and we will send you an annual update on your
Investment business.
If we receive commission from a product provider, this will be offset
against the fee which we will charge you. Where the commission is
greater than the fee due, the commission will become the amount
payable to us unless an arrangement to the contrary is made.
Additional fees may be payable for complex cases or to reflect
value, specialist skills or urgency. We will give an estimate of this
Call Us
065 689 3540
Investment and Life Companies and Mortgage Lenders
Aviva Life & Pensions Ireland Dac Irish Life Assurance Plc
Blackbee Investments Limited KBC Bank Ireland plc
Bloxham Newcourt Retirement Fund
Managers Limited
Brokers Ireland Network Services New Ireland Assurance Co plc
Limited
Cantor Fitzgerald Ireland Limited permanent tsb plc
Dilosk DAC Quintas Wealth Management
Limited
EBS Dac Royal London
Finance Ireland Credit Solutions Seniors Money Mortgages
Dac (Ireland)
Glencappa Consulting Limited Standard Life
Haven Mortgages Limited Ulster Bank Ireland Dac
Independent Trustee Company Zurich Life Assurance plc
Limited
September 2020
rate in advance of providing you with services. We may receive up
to 1% commission for arranging mortgage finance. This commission
is paid by the mortgage lender. The actual amount of commission
will be disclosed at a later stage in the ESIS (European Standardised
Information Sheet) which will be forwarded to you at loan offer stage. A
fee of €250 is charged for arranging your mortgage application. Please
note that lenders may charge specific fees in certain circumstances
and if this applies, these fees will be specified in your Loan Offer. You
have the right to pay a fee separately and not include it in the loan.
Typically, this situation arises in relation to specialist lending. A full
list of lenders and remuneration is available on request.
If we provide mortgage advice and obtain a Loan Offer for you and
you subsequently do not proceed with your mortgage application
through ourselves, we will charge you an arrangement fee of €250 for
our services.
Debt Management Advisor fees: €200 per hour. Support staff: €50 per
hour.
A summary of the details of all arrangements for any fee, commission,
other reward or remuneration paid or provided to us by the product
producers” is available on our website. If you need further explanation
on this information, please do not hesitate to call us.
Regular reviews
It is in your best interests that you review, on a regular basis, the
products which we have arranged for you. As your circumstances
change, your needs will change. You must advise us of those changes
and request a review of the relevant policy so that we can ensure that
you are provided with up to date advice and products best suited to
your needs.
Conflicts of interest
It is the policy of Carey Corbett Financial Solutions to avoid
conflicts of interest in providing services to you. However, where an
unavoidable conflict of interest arises we will advise you of this in
writing before providing you with any service. As per above we receive
commission from the lenders and companies we have agencies with
for the business you transact.
Default on Payments by Clients
We will exercise our legal right to receive payments due to us from
clients (fees) for services provided. Product producers may withdraw
benefits or cover in the event of default on payments due under
policies or other products arranged for you. We would refer you to
policy documents or product terms for the details of such provisions.
Mortgage lenders may seek early repayment of a loan and interest if
you default on your repayments. Your home is at risk if you do not
maintain your agreed repayments.
Client Monies & Receipts
We request that all cheques or negotiable instruments are made
payable to the appropriate Product Provider for Life, Pensions,
Investment business and to lenders. We shall issue a receipt for each
payment received, these receipts are issued with your protection in
mind and should be stored safely. Every effort is made to ensure that
clients’ money is transmitted to the appropriate Product Provider
without delay. We are not authorised to accept cash.
The acceptance by Carey Corbett Financial Solutions of a completed
proposal DOES NOT in itself constitute the effecting of a policy. It is
only when the Provider or Lender confirms the policy is in place or
loan is drawn down that your policy is live.
Complaints
We have a complaints procedure in place which is available on
request. Your complaint can be in writing, email, telephone or face
to face. If your complaint is face to face or by phone we will write
to you to confirm our understanding of your complaint. We will
acknowledge your complaint within 5 business days, advising you of
the name of the person dealing with your complaint on behalf of the
company. Please address any complaint to Carey Corbett Financial
Solutions, 1st Floor Roslevan S.C, Tulla Road, Ennis, Co Clare. If
in the event, a complainant is dissatisfied with the outcome of our
investigation, they are entitled to refer the matter to the Financial
Services & Pensions Ombudsman, Lincoln House, Lincoln Place,
Dublin 2, T. 015677000 email info@fspo.ie.
Data Protection
Carey Corbett Financial Solutions Ltd. complies with the
requirements of the Data Protection Regulation 1988-2018. The
data will be processed only in ways compatible with the purposes
for which it was given. We will provide you with a separate Privacy
Notice that will outline exactly how, what and where we use your
data. If we receive referrals from partner firms and may advise them
of any transactions arranged for you.
Compensation Scheme
We are members of the Investor Compensation Scheme. The
Investor Compensation Act, 1998 provides for the establishment of
a compensation scheme and the payment, in certain circumstances,
of compensation to certain clients (known as eligible investors) of
authorised investment firms, as defined in that Act. Compensation
may be payable where money or investment instruments owned or
belonging to clients and held, administered or managed by the firm
cannot be returned to those clients for the time being and where
there is no reasonably foreseeable opportunity of the firm being able
to do so. A right to compensation will arise only: If the client is an
eligible investor as defined in the Act; and if it transpires that the firm
is not in a position to return client money or investment instruments
owned or belonging to the clients of the firm; and to the extent that
the client’s loss is recognized for the purposes of the Act. Where
an entitlement to compensation is established, the compensation
payable will be the lesser of: 90% of the amount of the client’s loss
which is recognised for the purposes of the Investor Compensation
Act, 1998; or Compensation of up to €20,000. For further information,
contact the Investor Compensation Co Ltd. at (01) 224 4955.
Governing Law and Business Succession
These Terms of Business shall be governed by and construed in all
respects according to the laws of the Republic of Ireland and will
be deemed to cover any successors in business to Carey Corbett
Financial Solutions.
DECLARATIONS
I/We acknowledge that I/We have been provided with Terms of
Business and Data privacy notice for Carey Corbett Financial
Solutions and confirm that I/We have read and understand them.
DIRECT MARKETING
I/We consent to Carey Corbett Financial Solutions making contact
with me in relation to the range of services provided by ourselves or
our associated or partnership companies which we feel may be of
interest to you and to the sharing of relevant information. We will
still be allowed to contact you in relation to the business we have
advised you on, even if you opt out of marketing material. You have
the right to be removed from our marketing lists in the future, by
contacting us and requesting same.
If you wish to avail of these services, please tick here;
(Otherwise you will not be on our mailing list).
Post: Phone: Email: Text: Social Media:
We may also use automated data processing or profiling to allow us
to give you quotes etc, and for marketing purposes, by signing these
terms of business you are also agreeing to us using these systems on
your data.
Client 1:
Client 2:
Date:
Carey Corbett Financial Solutions Ltd t/a Carey Corbett Financial Solutions is regulated by the Central Bank of Ireland
Reg No. 410935. Directors: Tommy Corbett, Donal Carey.
1st Floor, Roslevan S.C, Tulla Road, Ennis, Co Clare. q 065 689 3540, E info@careycorbett.com